Kanye West Installs $850K Permanent Titanium Teeth And Films 40-Minute 'Apology' Video Ahead Of New Album With Ty Dolla $ign
Portfolio Pulse from Johnny Rice
Kanye West has installed $850K permanent titanium dentures and filmed a 40-minute apology video ahead of his new album 'Vultures' with Ty Dolla $ign. The album's release date is set for February 9th, after being delayed twice. West lost his deals with Universal Music Group and Sony Music following anti-Semitic comments last year. The MUSQ Global Music Industry ETF, which includes SONY and UMG, offers exposure to the music industry.
January 19, 2024 | 9:26 pm
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NEGATIVE IMPACT
Kanye West's new album 'Vultures' is set for release without the backing of Sony Music, which may impact the company's music portfolio.
Kanye West's album release without Sony Music could signify a loss of potential revenue and market presence for SONY, negatively impacting its short-term stock performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
The MUSQ ETF, with holdings in SONY and UMG, may be influenced by the release of Kanye West's new album and the broader music industry's performance.
While Kanye's album release may generate buzz, the diversified nature of MUSQ's holdings means the impact on the ETF will likely be neutral in the short term.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 50